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ServiceNows Q4 results showcase AI tool Now Assists revenue potential, with net new annual contract value more than doubling year over year. Subscription revenue also surged by 21%, reaching $3.466 billion. The companys backlog continues to grow, with current remaining performance obligations up 25% and total remaining performance obligations climbing 26.5%. Big enterprises are expanding across workflows, indicating strong demand. As ServiceNow prepares for Q1 earnings, investors will watch for Now Assist usage growth and large multi-workflow deals. Stable renewals and backlog conversion could alleviate stock concerns, positioning ServiceNow as a leader in the AI space.

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